Cement News tagged under: international
Tasek seen a stronger player with HLA’s raised stake, Malaysia08 June 2009, Published under Cement NewsTasek Corporation Bhd has emerged a stronger player in the industry with a shot at expansion into the building material segment with the recent changes in shareholding which saw Hong Leong Asia Ltd (HLA) taking more than a 70% stake in the former. “The acquisition creates synergistic benefits for both parties. Their combination has created the synergy whereby HLA will become stronger by having its in-house cement manufacturing arm and Tasek will be able to ride on HLA’s broad network in exp... |
Bosnia’s Lukavac doubles capacity08 June 2009, Published under Cement NewsBosnia’s Lukavac cement plant, owned by Austria’s Asamer Holding, said it has opened a new 80 million marka (US$58m) production line, which will double its annual output capacity. The new line has a daily production capacity of 2000t, the company said in a statement made available to SeeNews on Friday. The output capacity of Fabrika Cementa Lukavac is now doubled to 600,000t of clinker and 800,000tpa of cement. The investment in the new production line brings Asamer Holding’s total invest... |
Pakistan exports rise 37 per cent08 June 2009, Published under Cement NewsPakistan cement exports were unexpectedly high at 1.17Mt in May-09, up 16 per cent month-on-month (MoM) and 37 per cent YoY, the latest numbers released by All Pakistan Cement Manufactures Association showed. On the back of robust exports, overall cement sales volumes rose by two per cent YoY (+5 per cent MoM) in May-09. However, exports since January 2009 to date were up 50 per cent YoY to 10.1Mt. Across the region, export data suggests that the growth is broad-based across the key markets... |
Lucky Cement announces new Vietnam plant05 June 2009, Published under Cement NewsLucky Cement Corporation, one of Taiwan’s listed cement producers, will set up a second cement plant in northern Vietnam. Once the second plant commences production, the company will achieve annual output of 8Mt. An executive of Lucky Cement said its chairman L.C. Chen had invested in a cement plant in northern Vietnam. Upon startng production in May 2005, the plant achieved capacity of 2.2Mt and began making profits in 2006. In 2007, Chen invested US$160m to establish a second production l... |
Larsen to sell stake in UltraTech Cement05 June 2009, Published under Cement NewsIndia’s Larsen & Toubro Ltd. is likely to sell its 11.4% stake in UltraTech Cement Ltd Friday via a block deal, television channel CNBC-TV18 reported, citing unnamed sources. A.V. Birla Group is the likely buyer of the stake from Larsen & Toubro, the report added. |
Vietnam Joins $50.94M Cement Project in Cambodia05 June 2009, Published under Cement NewsPaul Cham Group with a 51% stake of Vietnam’s T&T Group and the U.S.-based Phi Mining Group have set up a joint venture, Phi Cham Mining Corporation, to carry out a cement project worth $50.94 million in Cambodia’s northern Stung Treng province, the Vietnam News Agency said Friday. Phi Mining Group contributes 60% of capital to the joint venture and the rest from Paul Cham group. Under the project, the joint venture will spend $625,000 on building a 50-kilometer road and $600,000 on an ele... |
Brazil’s cement sales down 2%05 June 2009, Published under Cement NewsBrazil’s cement sales totaled 4.1Mt in May, down 2% on the same month last year, according to preliminary figures Thursday from the National Cement Industry Association (Snic). Over January-May sales were 19.Mt, down only 0.3% on the same period last year. In the 12 months though May there were 51.1Mt sold, up 8.3% on the prior 12 months. |
Putin steps into the Pikalyovo row, Russia05 June 2009, Published under Cement NewsRussian Prime Minister Vladimir Putin has strongly criticised businessmen including billionaire Oleg Deripaska for idling plants in a northern industrial town close to St Petersburg and making hostages of workers left without wages or heating. "You made thousands of people hostages of your ambitions, lack of professionalism and perhaps simply greed," Putin said during a meeting with the businessmen and local officials in the town of Pikalyovo, where Deripaska owns a cement plant. The three f... |
Siam Cement Unit Expects Revenue To Fall 15% In 200904 June 2009, Published under Cement NewsSCG Cement, a unit of Siam Cement PCL expects revenue to fall 15% this year because of a delay in government infrastructure projects, the Bangkok Post reported Thursday. Proposed megprojects by the government, if they get off the ground, would be launched too late to lift already weak cement demand, the company’s marketing director Syamrath Suthanukul was quoted as saying. Syamrath said domestic cement demand fell 10% during the first five months of the year, adding that revenue could drop... |
Eastern Province Cement to boost capacity by 600tpd04 June 2009, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) will add a new production line with a capacity of 600tpd, the company said in a statement to the Saudi borse last Sunday. EPC signed on May 30 a US$17m (EUR 12m) agreement with an unnamed company for the engineering designs and supply of equipment and machinery for the production line. The cement producer said it had received a loan from the Saudi Industrial Development Fund (SIDF) to finance the expansion project but did not reve... |